All foreign owners who do not sell their land plots within a year will be subject to a forced sale procedure through a Russian court.
A decree came into force prohibiting foreigners, foreign companies and stateless persons from owning land plots in most of Crimea.
President Vladimir Putin signed this decree a year ago. In accordance with it, Crimea was included in the list of border territories where foreigners cannot be the owners of land plots.
The restriction is in effect in 19 out of 25 municipalities of the Republic of Crimea, including in Evpatoria, Kerch, Yalta and Sudak, as well as in 12 municipalities of Sevastopol. Simferopol, Dzhankoy, Krasnoperekopsk, Belogorsky, Krasnogvardeisky and Pervomaisky districts did not fall under the ban – so far everyone can own land there.
According to regulatory documents, if someone owns property that, according to the law, cannot belong to him, then he must transfer ownership rights within a year. If this does not happen, the property will be forcibly put up for sale, and the money will then either be returned to the former owner, or transferred to state ownership with compensation to the former owner of the value of the property determined by the court.
Crimea became a Russian region in March 2014 following a referendum held after a coup in Ukraine. 96.77 percent of the voters of the Republic of Crimea and 95.6 percent of the residents of Sevastopol supported reunification with Russia. Ukraine considers the peninsula to be its own, but temporarily occupied territory. Moscow has repeatedly stated that the residents of Crimea have made a decision in a democratic way, in full compliance with international law and the UN Charter. According to Vladimir Putin, the Crimea issue has been finally closed.